Market makers GSR Markets and Wintermute sold 48.2 million ARB to CEX in the past 7 days
Spot On Chain posted on social media that two primary market makers, GSR Markets and Wintermute, sold 48.2 million ARB tokens (worth $80.83 million) to CEX in the past seven days. GSR transferred 26.94 million ARB tokens (worth $45.1 million) to Binance, which were all from the token unlock on March 16th. Wintermute transferred 21.24 million ARB tokens (worth $35.7 million) to various CEX, mainly Binance. Currently, the two market makers hold 19.96 million ARB tokens (worth $33.7 million).
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